Debt Consolidation

Experienced Bankruptcy Lawyer in Buffalo, NY

Attorney Randy H. Gugino Has Been Guiding Buffalo Residents Through Bankruptcy and Debt Relief Since 1980

At the Law Offices of Randy H. Gugino, we have been helping clients in the Buffalo and greater Western New York area consolidate their debt and stop creditor harassment for more than three decades. Our proficient debt relief lawyers have acquired a reputation for giving clients dedicated and trustworthy guidance and providing the solutions they need in these troubling times. Please allow our experienced Buffalo bankruptcy attorneys provide the debt consolidation advice you need to help you achieve a more suitable financial situation. We will carefully assess your case and advise you on the best course of action to help you ensure your financial freedom.

What is Debt Consolidation?

Debt consolidation combines multiple unsecured debts into a single monthly payment. Our experienced Buffalo debt relief attorneys clarify the many advantages and disadvantages of consolidation, as well as the reasons for pursuing consolidation, including:

Too many bills: Do you have several credit card bills to pay each month? Are you missing payments because you can’t keep track of your bills? Debt consolidation combines your debts so you only have one bill to pay each month.

High monthly payments: In some cases, debt consolidation can lower your monthly payments.

High interest rates: Debt consolidation plans are often used by individuals who have high-interest credit card debt.

It is important for you to understand that debt consolidation companies are businesses – and like any business, their primary concern is profitability. While debt consolidation can be beneficial to some people, for most, it can actually further damage your credit. There is also no guarantee that consolidating your debt will lower your monthly payments. An experienced Buffalo bankruptcy lawyer can help you determine whether debt consolidation is the right option for you.

Is There an Alternative to Debt Consolidation?

Chapter 13 bankruptcy can be an effective alternative to debt consolidation – allowing you to pay off your debt faster. This type of bankruptcy lets you create a plan based on your income and your expenses. This can result in monthly payments that are often less expensive than those associated with consolidating debt. At the Law Offices of Randy H. Gugino, we realize that debt consolidation and bankruptcy can be complicated, especially if you are facing a large amount of debt. We are happy to provide a free confidential consultation to help thoroughly answer all your questions and give you professional advice on how to move forward.